Why Energy Developments In Israel Mater To The EU

Discoveries of natural gas offshore Israel signalled the eastern Mediterranean as a new frontier for the development of natural gas resources. The gas discoveries provide a unique opportunity for Israel to change its mentality vis-à-vis neighbouring countries and view the resources as a tool for strengthening regional cooperation and solidarity through energy diplomacy. While security concerns in Israel remain paramount, diplomacy in the context of the eastern Mediterranean transcends traditional foreign and security policy considerations, and attempts to use economic and commercial means to interlink the countries of the region through energy relations.

Focus Group(s): Policy and Regulation
FCNG, A Solution to Unlock the Full Potential of East Med Hydrocarbons

The recent discoveries of large hydrocarbon reserves in the Levant basin in Eastern Mediterranean, have transformed the region to a potential net exporter of natural gas. The successive discoveries of Tamar in 2009 and of Leviathan in 2010 in Israel’s EEZ totaling almost 28tcf of natural gas, followed in 2012 by the discovery of Aphrodite in Cyprus’ EEZ with 4.5tcf, created euphoria as to the region’s potential to become a serious player in exports of LNG to global markets.

Focus Group(s): Engineering and Technology
Το ελληνικό συγκριτικό πλεονέκτημα στην ενεργειακή σκακιέρα

Η ενεργειακή εξάρτηση των κρατών της ΕΕ από τη Ρωσία είναι γνωστή σε όλους τους επενδυτές. Βάσει στοιχείων της Eurogas, οι περισσότερες χώρες της Ανατολικής Ευρώπης και της Βαλτικής καλύπτουν σχεδόν το 100% των αναγκών τους με προμήθειες από τη Ρωσία. Για την Ελλάδα, το ποσοστό αυτό ανέρχεται σε 56% (2013). Από τις ισχυρότερες οικονομίες της Ευρώπης, μόνο η Αυστρία και η Γερμανία έχουν υψηλό ποσοστό εισαγωγών, το οποίο ανέρχεται σε 60% και 37% αντιστοίχως.

Focus Group(s): Commercial
Tough Negotiations With a Glimmer of Hope?

Greece and Iran share much more than the burden of undergoing tough negotiations in the past years. Over the past 30 years, the two nations have enjoyed excellent diplomatic relations in the fields of energy, security, education and culture. Historically, Greece has been a bridge between the EU and Iran, but also between Washington and Tehran. Iran, on the other hand ranked first among the suppliers of oil in Greece during the period 2006-2011, and was supplying oil to Greece on extremely favorable credit terms of approximately 35 percent – a great financial aid to Greece.

Focus Group(s): Policy and Regulation
Cooperation, Security And The East Mediterranean Energy Sector

The Greek Prime Minister Alexis Tsipras has now met with the President of Cyprus Nikos Anastasiades and the President of Egypt Abdel Fattah el-Sisi in Cyprus in a meeting that took place on the 29th of April 2015. The main topics on the table were those of the delineation of the exclusive economic zones between the three states, maritime security of the East Mediterranean and the potential for cooperation in the energy sector.

Focus Group(s): Engineering and Technology
Greece, A Backdoor to Fortress Europe: The Fallout of Tsipras’ Visit to Moscow

Amidst growing international spotlight on talks between Greece and its international creditors: on Wednesday 8th April, Greece’s Prime Minister, Alexis Tsipras, met with his Russian counterpart, Vladimir Putin, in Moscow. The meeting of the two leaders has raised eyebrows both in Europe and across the Atlantic, with the President of the European Parliament, Martin Schulz, most recently expressing concern that Greece’s unilateral stance jeopardises the EU’s common position on Russia and weakens international sanctions. Tsipras was quick to rebuff criticism of his official visit to Moscow, stating that, “certain people should stop making comments – as if Greece is a debt colony. It is not.” Tsipras highlighted that Greece has the right to pursue a multidimensional foreign policy in line with the country’s geopolitical role as a Member State deeply rooted in the European Union (EU), the Mediterranean and the Balkans. Various commentators suggest that Greece is embarking on its own ‘pivot’ to Asia while Tsipras hailed his meeting with Putin as a historic moment in Greek-Russian relations; an opportunity for Greece and Russia to reinvigorate their relations. Tsipras’ visit to Moscow, just a day before Greece’s deadline to repay its loan to the International Monetary Fund, also fuelled speculation that Greece was gearing up to request economic assistance from Russia for its bailout program. However, Putin quickly ruled out Russian direct financial aid. The hot topics on the agenda were energy, trade, and investments.

Focus Group(s): Policy and Regulation
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